Store - Machinery And Equipment

The machinery and equipment industry comprises establishments primarily engaged in manufacturing machinery and equipment. This industry includes the production of engines, boilers, farm machinery, construction equipment, and other industrial and commercial machinery and equipment. The major drivers for this market are increasing industrialization, urbanization, and infrastructure development.

The Global Machinery and Equipment Industry

The global machinery and equipment (M&E) industry is one of the broadest categories of manufacturing. It includes the production of a wide range of products, including engines, turbines, transformers, pumps, compressors, material handling equipment, metal working machinery, textiles and plastic processing equipment, woodworking machinery, packaging machinery, printing presses, food processing machinery and mining equipment among many others.

The global machinery and equipment market is expected to reach an estimated $8.1 trillion by 2030 with a CAGR of 5.4% from 2020 to 2030.

The global M&E industry is highly fragmented with a large number of small and medium enterprises (SMEs). The top 10 companies in the sector account for only a small share of the total market. The largest companies in the sector are Caterpillar Inc. (USA), Komatsu Ltd. (Japan), Hitachi Construction Machinery Co. Ltd. (Japan), CNH Industrial N.V. (Italy), John Deere & Company (USA), Kubota Corporation (Japan), Doosan Infracore Co. Ltd. (South Korea), Sany Group Co. Ltd. (China) and JCB plc (UK).

The M&E industry is an important driver of economic growth and development globally. It is a major source of employment and tax revenue for governments around the world. The industry is also a major consumer of raw materials, energy, and other inputs.

The global M&E industry has been growing at a moderate pace in recent years. It is expected to continue growing in the coming years, albeit at a slower rate than in the past. The main drivers of growth in the M&E industry are expected to be emerging markets, particularly China and India. Strong economic growth in these countries is expected to lead to increased demand for M&E products. Additionally, the rise in population and urbanization will lead to increased demand for infrastructure development, which will drive up demand for construction equipment and other machinery.

The main challenges faced by the M&E industry are declining productivity growth, rising labor costs, and intensifying competition from low-cost countries. Additionally, the industry is facing headwinds from slowing economic growth in China and other major markets such as Brazil and Russia.

The North American Machinery and Equipment Industry

The North American machinery and equipment industry is a critical sector of the economy, responsible for the production of a wide range of essential products. The industry comprises a diverse range of businesses, from large multinational corporations to small family-owned businesses.

Despite its importance, the machinery and equipment industry has been facing challenges in recent years. Rising costs, competition from lower-cost producers, and changing consumer preferences have all put pressure on the sector. In response, companies have been forced to innovate and adapt their business models.

Looking ahead, the machinery and equipment industry is expected to continue to face challenges, but there are also opportunities for growth. The industry will need to focus on becoming more efficient and developing new products that meet changing customer needs.

The European Machinery and Equipment Industry

The European machinery and equipment industry is one of the largest industries in the world. It employs over 12 million people and generates around €2 trillion in economic activity each year.

The industry is highly diversified, with firms producing everything from agricultural equipment to construction machinery to medical devices. It is also highly competitive, with firms from all over the world vying for market share.

The European Union (EU) is the largest market for machinery and equipment, accounting for around 30% of global demand. The United States (US) is the second-largest market, followed by China and Japan.

The EU’s share of global demand has been declining in recent years, due to slower economic growth and competition from low-cost producers such as China. However, the EU remains an important market for manufacturers as it is still home to many of the world’s leading companies in the sector.

Major players in the European machinery and equipment industry include Caterpillar (US), CNH Industrial (Italy), Deere & Company (US), Komatsu (Japan), Volvo Construction Equipment (Sweden), and Wirtgen Group (Germany).

Asia-Pacific Machinery and Equipment Industry

The Asia-Pacific region is home to some of the world's largest economies, such as China and India. The region's economic growth has been a major driver of the machinery and equipment industry's growth. In recent years, the industry has benefited from strong demand from the construction and agriculture sectors.

Looking forward, the Asia-Pacific machinery and equipment industry is expected to continue growing at a healthy pace. The region's economic outlook remains positive, and infrastructure spending is expected to remain strong. This will provide a tailwind for the industry's growth in the coming years.

The Latin American Machinery and Equipment Industry

The Latin American machinery and equipment industry is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2018 to 2025, driven by the increasing demand for machinery and equipment from the construction, mining, and manufacturing sectors.

The construction sector is the largest end-user of machinery and equipment in Latin America, accounting for 33.8% of total demand. The sector is expected to grow at a CAGR of 7.6% from 2018 to 2025, driven by the increasing investment in infrastructure projects in the region.

The mining sector is the second-largest end user of machinery and equipment in Latin America, accounting for 27.9% of total demand in 2018. The sector is expected to grow at a CAGR of 6.7% from 2018 to 2025, driven by the increasing exploration and production activities in the region.

The manufacturing sector is the third-largest end user of machinery and equipment in Latin America, accounting for 25.3% of total demand in 2018. The sector is expected to grow at a CAGR of 8.1% from 2018 to 2025, driven by the increasing demand for machinery and equipment from the food and beverage, automotive, and chemical industries.

Brazil is the largest market for machinery and equipment in Latin America, accounting for 38.4% of total demand in 2018. The country is expected to grow at a CAGR of 7.0% from 2018 to 2025, driven by the increasing investment in infrastructure projects and the expanding mining and manufacturing sectors.

Mexico is the second-largest market for machinery and equipment in Latin America, accounting for 20.5% of total demand in 2018. The country is expected to grow at a CAGR of 8.3% from 2018 to 2025, driven by the increasing investment in the construction and manufacturing sectors.

The Middle Eastern and African Machinery and Equipment Industry

The Middle Eastern and African machinery and equipment industry is forecast to grow at a CAGR of 4.5% over the period 2018-2025. The Middle Eastern and African machinery and equipment industry is one of the most important industries in the region. The industry comprises of a wide range of sub-industries, including construction machinery, agricultural machinery, material handling equipment, and other general-purpose machinery.

The Middle Eastern region is expected to lead the way in terms of growth in the machinery and equipment industry owing to rising investments in infrastructure development projects in countries such as Saudi Arabia, Qatar, Kuwait, and the United Arab Emirates (UAE).

In Africa, South Africa is expected to be the major contributor to the growth of this industry due to rising investments in mining activities. The country's government has been investing heavily in initiatives such as the Mining Charter III aimed at reviving the ailing mining sector. Additionally, South Africa's status as a leading producer of minerals such as gold, diamonds, and platinum is also expected to drive the demand for mining equipment over the forecast period.

Conclusion

The machinery and equipment industry is forecast to grow significantly in the next decade. This industry overview provides an analysis of the current state of the industry and includes a forecast for its future growth. The report also discusses the key drivers of this growth and highlights some of the challenges that the industry faces. With a strong outlook for growth, the machinery and equipment industry is poised to make a significant contribution to the global economy in the years to come.

MENA - Non-Numerically Controlled Sharpening Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 16, 2024
Eye 128

This report provides an in-depth analysis of the market for non-numerically controlled sharpening machine in MENA.

CIS - Non-Numerically Controlled Sharpening Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 16, 2024
Eye 298

This report provides an in-depth analysis of the market for non-numerically controlled sharpening machine in CIS.

Asia - Non-Numerically Controlled Sharpening Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 16, 2024
Eye 341

This report provides an in-depth analysis of the market for non-numerically controlled sharpening machine in Asia.

Western Africa - Non-Numerically Controlled Sharpening Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 16, 2024
Eye 141

This report provides an in-depth analysis of the market for non-numerically controlled sharpening machine in Western Africa.

Asia-Pacific - Non-Numerically Controlled Sharpening Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 16, 2024
Eye 243

This report provides an in-depth analysis of the market for non-numerically controlled sharpening machine in Asia-Pacific.

Benelux - Non-Numerically Controlled Sharpening Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 16, 2024
Eye 146

This report provides an in-depth analysis of the market for non-numerically controlled sharpening machine in Benelux.

SADC - Non-Numerically Controlled Sharpening Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 16, 2024
Eye 136

This report provides an in-depth analysis of the market for non-numerically controlled sharpening machine in SADC.

ECOWAS - Non-Numerically Controlled Sharpening Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 16, 2024
Eye 111

This report provides an in-depth analysis of the market for non-numerically controlled sharpening machine in ECOWAS.

MERCOSUR - Non-Numerically Controlled Sharpening Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 16, 2024
Eye 109

This report provides an in-depth analysis of the market for non-numerically controlled sharpening machine in MERCOSUR.

GCC - Non-Numerically Controlled Sharpening Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 16, 2024
Eye 113

This report provides an in-depth analysis of the market for non-numerically controlled sharpening machine in GCC.